The following balances apperead in the trial balance of M/s Kapil Traders as on March 31, 2006
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The following balances apperead in the trial balance of M/s Kapil Traders as on March 31, 2006
The partners of the firm agreed to records the following adjustments in the books of the Firm: Further bad debts Rs.300. Maintain provision for bad debts 10%. Show the following adjustments in the bad debts account, provision account, debtors account, profit and loss account and balance sheet.
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Lets break down the adjustments Further Bad Debts Rs 300 Maintain Provision for Bad Debts at 10 Lets ...View the full answer
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Muhammad Rehan
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